Aixtron SE (STU:AIX2) Cyclically Adjusted PB Ratio: 6.90 (As of Jul. 27, 2026) — 131% Above Median

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STU:AIX2 Aixtron SE STU:AIX2
79 GF Score
Price €78.00
GF Value €31.62
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Aixtron SE Cyclically Adjusted PB Ratio?

Aixtron SE STU:AIX2 -0.64% 79 Cyclically Adjusted PB Ratio is 6.90 as of Jul. 27, 2026, which is 131% above its 10-year median of 2.99. GuruFocus rates STU:AIX2 with a GF Score™ of 79/100 and a GF Value™ of €31.62 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 734 Semiconductors companies, Aixtron SE ranks worse than 73.98% on this metric.

As of today (2026-07-27), Aixtron SE's current share price is €78.00. Aixtron SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.31. Aixtron SE's Cyclically Adjusted PB Ratio for today is 6.90.

The historical rank and industry rank for Aixtron SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:AIX2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 2.99   Max: 10.35
Current: 6.96

During the past years, Aixtron SE's highest Cyclically Adjusted PB Ratio was 10.35. The lowest was 0.75. And the median was 2.99.

STU:AIX2's Cyclically Adjusted PB Ratio is ranked worse than
73.98% of 734 companies
in the Semiconductors industry
Industry Median: 3.18 vs STU:AIX2: 6.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Aixtron SE's adjusted book value per share data for the three months ended in Mar. 2026 was €15.779. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €11.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aixtron SE  (STU:AIX2) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Aixtron SE Cyclically Adjusted PB Ratio Related Terms


Aixtron SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aixtron SE's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aixtron SE Cyclically Adjusted PB Ratio Chart

Aixtron SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.15 5.92 7.95 2.92 3.08

Aixtron SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.91 2.88 2.67 3.08 5.66

STU:AIX2 vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Aixtron SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aixtron SE Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Aixtron SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aixtron SE's Cyclically Adjusted PB Ratio falls into.


STU:AIX2
79GF Score
Aixtron SE STU:AIX2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aixtron SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Aixtron SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=78.00/11.31
=6.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aixtron SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aixtron SE's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.779/131.2583*131.2583
=15.779

Current CPI (Mar. 2026) = 131.2583.

Aixtron SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.545 100.717 8.530
201609 6.447 101.017 8.377
201612 6.623 101.217 8.589
201703 6.394 101.417 8.275
201706 6.086 102.117 7.823
201709 6.130 102.717 7.833
201712 6.599 102.617 8.441
201803 6.811 102.917 8.687
201806 6.939 104.017 8.756
201809 7.144 104.718 8.955
201812 7.664 104.217 9.653
201903 7.872 104.217 9.915
201906 7.965 105.718 9.889
201909 8.051 106.018 9.968
201912 8.275 105.818 10.264
202003 8.176 105.718 10.151
202006 8.297 106.618 10.215
202009 8.412 105.818 10.434
202012 8.859 105.518 11.020
202103 9.009 107.518 10.998
202106 8.974 108.486 10.858
202109 9.579 109.435 11.489
202112 10.552 110.384 12.548
202203 10.825 113.968 12.467
202206 10.575 115.760 11.991
202209 10.950 118.818 12.096
202212 11.801 119.345 12.979
202303 11.879 122.402 12.738
202306 12.000 123.140 12.791
202309 12.743 124.195 13.468
202312 13.816 123.773 14.652
202403 14.043 125.038 14.742
202406 13.467 125.882 14.042
202409 14.028 126.198 14.591
202412 15.050 127.041 15.550
202503 15.097 127.779 15.508
202506 15.053 128.412 15.387
202509 15.282 129.255 15.519
202512 16.141 129.361 16.378
202603 15.779 131.258 15.779

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 6.90 mean?
Aixtron SE (STU:AIX2) has a Cyclically Adjusted PB Ratio of 6.90 as of Jul. 27, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aixtron SE and its competitors. This is 131% above median its historical median of 2.99. Over the past decade, Aixtron SE's Cyclically Adjusted PB Ratio has ranged from 0.75 to 10.35. According to the industry distribution chart, Aixtron SE ranks #543 out of 734 companies in the Semiconductors industry, placing it in the top 74%.
Is Aixtron SE's Cyclically Adjusted PB Ratio too high?
Aixtron SE's current Cyclically Adjusted PB Ratio of 6.90 is 131% above median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 10.35. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. Aixtron SE's value of 6.90 is 117% above this industry median. Based on the distribution chart, Aixtron SE ranks #543 out of 734 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Aixtron SE has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aixtron SE's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Aixtron SE ranks #543 out of 734 companies for Cyclically Adjusted PB Ratio. This places Aixtron SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.18. Aixtron SE's value of 6.90 is 117% above this benchmark. Historically, Aixtron SE's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 10.35 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 3.18, Aixtron SE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.18, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aixtron SE's current Cyclically Adjusted PB Ratio of 6.90 is 117% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aixtron SE and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aixtron SE's current Cyclically Adjusted PB Ratio is 6.90, which is 131% above median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aixtron SE stock overvalued right now?
Based on GuruFocus' analysis, Aixtron SE (STU:AIX2) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.62, compared to a current price of €78.00 — trading 146.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.90, which is 131% above median its 10-year median of 2.99 and 117% above the Semiconductors industry median of 3.18. Aixtron SE's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Aixtron SE (STU:AIX2), the current Cyclically Adjusted PB Ratio is 6.90 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aixtron SE (STU:AIX2) Overvalued in 2026?

Based on GuruFocus' analysis, Aixtron SE stock appears to be overvalued. The current stock price of €78.00 is trading 146.7% above its estimated GF Value™ of €31.62. GuruFocus considers Aixtron SE to be Significantly Overvalued.

Key valuation signals for STU:AIX2:

  • Cyclically Adjusted PB Ratio: 6.90 (131% above median its 10-year median of 2.99)
  • GF Value™: €31.62 vs. price of €78.00 (146.7% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 117% above the Semiconductors median (#543 of 734)

No single metric tells the full story. See the STU:AIX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aixtron SE Business Description

Address Dornkaulstrasse 2, Herzogenrath, NW, DEU, 52134
Aixtron SE is a provider of deposition equipment to the semiconductor industry. The company's technology solutions are used by a diverse range of customers to build components for electronic and optoelectronic applications based on compound, silicon, or organic semiconductor materials. Its components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well as in other applications. Business operation of the group can be seen in the market of Germany, the USA, Korea, China, Taiwan, Japan, and Malaysia.
79GF Score

Get the complete analysis for STU:AIX2

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€78.00
Price
€31.62
GF Value